Russia’s Norilsk Nickel, one of the world’s largest nickel producers, on Thursday reported weak first-quarter output but kept its 2020 guidance unchanged.
Nornickel, which is also the world’s largest palladium producer, attributed the weakness to "accumulated work-in-progress inventory" and an unfavourable comparison with the same quarter last year, adding that the coronavirus pandemic has not had any material effect on its operating activity so far.